The Statement of Cash Flows Reports and Proves the Net

question 31

True/False

The statement of cash flows reports and proves the net change in cash for a reporting period.

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Definitions:

Measuring NCI

Stands for the process of valuing a Non-Controlling Interest, which represents ownership in a subsidiary not held by the parent company.

Ordinary Shares

Equity securities representing ownership in a company, which entitle holders to vote at shareholder meetings and receive dividends.

Preference Shares

A class of ownership in a corporation that has a higher claim on assets and earnings than common shares, typically with fixed dividends and without voting rights.

NCI

Non-controlling interest, a portion of the equity in a subsidiary not attributable, directly or indirectly, to the parent company.